A provision in The Taxation and Other Laws (Amendment) Bill 2026, followed by the Reserve Bank of India Governor Sanjay Malhotra’s statement on Wednesday has raised the possibility of the Centre could be levying merchant discount rate (MDR) on UPI transactions soon

Proposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintech firms recover technology and…

ET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transactions undertaken by large merchants. Sources had told ET that the Centre…

India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement Systems Act. While no decision has been…

New bill proposes electronic payments outside the negative list will incur Merchant Discount Rate (MDR), including potential UPI charges.

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by allowing banks to charge fees. The…

MUMBAI: India's payment industry has long been calling for higher subsidies or a controlled introduction of merchant discount rate (MDR) to recover transaction costs. The decision…

Discover whether UPI will become chargeable amid recent legislative changes and expert insights on potential impacts.